There is nothing better and proud than the moment when your son comes of age and you are ready to give him all your responsibilities to him. One of the many responsibilities that you can give to your son is transferring him the ownership of your car or cars. Transferring the title of your car to your son involves an easy and simple procedure and it won’t take a lot of your time unless and until you do not know the correct procedure for the same.
Although we at TFC car title loans do not deal in the transfer process, but what years of experience have taught us is that people often find it difficult to understand the process of transferring the title and they have to go through a lot of paperwork to complete it. it is our pleasure to help our customers in this process so that they won’t have to find any difficulties and complete the process without any hassle.
The peculiar thing about the transfer process is that every State’s DMV has set a different procedure in order to transfer the car title to any one of their family member’s name. We have listed below some of the State’s procedures and documentation process so that they can know how to transfer a car title loan to a family member after they have transferred the ownership of the car.
·DMV of California: here if your vehicle is not exempt from smog check then you have to pass the smog test before transferring it. Exemption from the smog test is allowed when the car is to be transferred in the family. And also along with smog test exemption you are also exempted from paying tax on the car.
·DMV of New Mexico: here you do not need to go for odometer test if the transfer is within the family, however all the other procedures of showing the proof of residence and income and insurance has to be produced in the office.
·DMV of Arizona: in Arizona, you need to fill out a form called the form 96-0236 and after submitting it an extra fee of $4 has to be paid over and above the mandatory fee which is required by the authorities.
Although, these are not all the details about how to transfer a car title loan to a family member the transfer process but they make it easy for the people of the State to streamline the process and get the work done easily.